_american-credit-card-debt-surpasses-361-trillion-as-young-adults-struggle-to-cover-costs-of-housing-student-loans.jpg "American Credit Card Debt Surpasses $1 Trillion, as Young Adults Struggle to Cover Costs of Housing, Student Loans from family card basic telekom Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 565K times
✓ Published: 17-May-2024
👁 View: 565K times
✓ Published: 17-May-2024
Description:
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Americans owe over $1 trillion collectively in credit card debt, the Federal Reserve Bank of New York reported Tuesday. The average credit card balance per consumer exceeds $6,000, up 8.5% from the previous year. More borrowers are falling behind on credit card payments, with less than 9% of balances transitioning to delinquency. Serious delinquencies past 90 days reached their highest level since 2010. Younger adults have taken on more debt to cover the rising rent costs, student loans, and auto loans. Credit cards charging an average of 20% interest are typically the most expensive debt.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_a-total-nightmare.webp "TheReportOfTheWeek")
_germany-limits-cash-benefit-payments-for-asylum-seekers-as-migration-numbers-increase.webp "The new rule issues migrants a benefit card for local use, limiting cash withdrawals and banning international transfers.")
_philadelphia-phillies-vs-new-york-mets-live-play-by-play-05-16-24-phillies-marlins-mlb.webp "Play-By-Play With JJ")
⏲ 3 hours 35 minutes 56 seconds 👁 1.1K
_nest-wifi-pro-vs-eero-pro-6e-vs-tp-link-deco-xe75-124-wifi-6e-124-specs-speed-tests-range-tests-etc.webp "landpet")
⏲ 14 minutes 58 seconds 👁 72.5K
_2023-huawei-harmonyos-4-0-install-google-play-gms-on-huawei-p60-p50-p40-mate60-mate50-mate40-mate30.webp "Average Logs")
⏲ 30 minutes 2 seconds 👁 29.4K
_i-made-my-smartphone-into-a-dumbphone-how-and-why.webp "Reysu")
_hajj-2024-hajj-without-permit-card-new-rule-break-10-year-jail-punishment-124-boldsky.webp "Hajj 2024 New Rule: सऊदी अरब सरकार के अधिकारियों ने कहा है कि हज यात्रियों को बेहतर सुविधा देने के लिए सभी तरह के जरूरी कदम उठाए गए हैं। इसके साथ-साथ कई नए प्रयोग भी किए गए हैं, जिससे चीजें बेहतर हो लेकिन किसी को भी नियमों के उल्लंघन की इजाजत नहीं दी जाएगी।<br/> <br/>Hajj 2024 New Rule: Saudi Arabian government officials have said that all necessary steps have been taken to provide better facilities to Haj pilgrims. Along with this, many new experiments have also been done, which will make things better but no one will be allowed to violate the rules. <br/> <br/> <br/>#Hajj2024#HajjPermit <br/>~HT.97~PR.115~ED.120~")
⏲ 3:15 👁 1.2M
_g2-is-a-very-strong-team124-t1-vs-tl-124-post-game-interview-msi2024-t1-gumayusi.webp "pogotz")
⏲ 5 minutes 8 seconds 👁 18.7K
_a-total-nightmare.jpg)
_germany-limits-cash-benefit-payments-for-asylum-seekers-as-migration-numbers-increase.jpg)
_philadelphia-phillies-vs-new-york-mets-live-play-by-play-05-16-24-phillies-marlins-mlb.jpg)
_nest-wifi-pro-vs-eero-pro-6e-vs-tp-link-deco-xe75-124-wifi-6e-124-specs-speed-tests-range-tests-etc.jpg)
_2023-huawei-harmonyos-4-0-install-google-play-gms-on-huawei-p60-p50-p40-mate60-mate50-mate40-mate30.jpg)
_i-made-my-smartphone-into-a-dumbphone-how-and-why.jpg)
_hajj-2024-hajj-without-permit-card-new-rule-break-10-year-jail-punishment-124-boldsky.jpg)
_g2-is-a-very-strong-team124-t1-vs-tl-124-post-game-interview-msi2024-t1-gumayusi.jpg)
![[+]](/images/menu.gif){kind=small}